The newest Smart Manufacturing Innovation Institute, headquartered in Los Angeles, will bring more than $140 million in public-private investment from leading universities and manufacturers to develop smart sensors for use in advanced manufacturing.
At the third-annual SelectUSA Summit in Washington, DC, today, before an audience of business leaders, economic development officials, and investors from around the world, President Obama will announce that the Smart Manufacturing Leadership Coalition (SMLC) will lead the new Smart Manufacturing Innovation Institute, in partnership with the Department of Energy. The winning coalition, headquartered in Los Angeles, brings together a consortium of nearly 200 partners from across academia, industry, and not-for-profits—hailing from more than 30 states—to spur advances in smart sensors and digital process controls that can radically improve the efficiency of U.S. advanced manufacturing.
The Smart Manufacturing Innovation Institute is the ninth manufacturing hub awarded by the Obama Administration. Today, the president also announced the launch of five new manufacturing hub competitions, which will invest nearly $800 million in combined federal and nonfederal resources to support transformative manufacturing technologies from collaborative robotics to biofabrication of cells and tissues to revolutionizing the ways materials can be reused and recycled. With the new competitions underway, the Administration is on track to meet the President’s goal of a National Network for Manufacturing Innovation (NNMI) of 15 institutes underway across the country before the end of his Administration.
Read the full news release on whitehouse.gov.